Enrique Iglesias
President, Inter-American Development Bank
Washington, D.C., USA
Advisor for the International Year of Microcredit 2005
"The money sent home by workers living outside
their home country is one of the most dynamic and
promising forces for development. These funds can
provide housing for families left behind, sustenance
for the elderly and infirm, better schooling and
capital for small businesses. The Year is an important
opportunity to enhance the power of these remittances,
and promote the conversion of those resources into
microfinance products, which, with their multiplier
effect over consumption, can have a significant impact
on poverty reduction."
Enrique V. Iglesias was re-elected president of the Inter-American
Development Bank on November 8, 2002. He began his fourth
five-year term on April 1, 2003. Prior to his election as
president of the IDB, Iglesias was Uruguay’s Minister
of Foreign Relations, (1985-1988); Executive Secretary of
the U.N. Economic Commission for Latin America and the Caribbean
(ECLAC), (1972-1985); Secretary General of the U.N. Conference
on New and Renewable Sources of Energy, held in Kenya in
1981; and chairman of the conference that launched the Uruguay
Round of international trade negotiations in Punta del Este,
Uruguay, in 1986. he served as President of Uruguay’s
Central Bank from 1966 to 1968.
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